April 14, 2011
Comcast Corp. has boosted its top residential broadband speeds to 105 megabits per second, more than double the previous-fastest speed of 50 megabits per second. The service is available in the Philadelphia area for an introductory rate of $105 a month for a year when bundled into the triple of cable-TV, Internet and phone services. The regular listed rate for the 105-speed service is $199.95 a month. - Bob Fernandez
February 16, 2005 |
A big wet kiss from Warren Buffett gave shares of Comcast Corp. a boost yesterday. Buffett's Berkshire Hathaway Inc. disclosed late Monday that since August it had doubled its stake in Comcast to 10 million shares, worth $328.4 million. The news sent shares of Comcast, the nation's largest cable-TV company, to a gain of $1.05, or 3.4 percent, to close at $32.36 on the Nasdaq Stock Market yesterday. Time Warner Inc., the second-biggest cable company, also gained on news that another investing all-star, George Soros, bought 2.6 million shares worth $50.5 million.
November 16, 2003 |
Comcast Corp. and its complex finances faced new scrutiny when it bought AT&T Corp.'s cable systems to become the nation's biggest cable provider last year. Pressed by investors, the Center City-based cable giant began telling more about its customers and its capital costs. To trim its towering $30 billion debt, Comcast sold assets and paid down loans. Ahead of schedule, Comcast reported higher sales and fatter margins. "I'm thrilled with how well we exceeded all the original targets," chief executive officer Brian L. Roberts said Friday.
June 10, 2004 |
Comcast Corp. is reportedly in advanced talks with the Public Broadcasting Service, Sesame Workshop, and Britain's HIT Entertainment to launch a commercial-free, 24-hour digital cable network for preschool children. Officials at Comcast, which would own the largest piece of the proposed network, declined to comment on the report, which was in yesterday's Wall Street Journal. PBS and Sesame Workshop officials also declined to comment. The channel would have rights to such shows as Barney & Friends, Sesame Street, Bob the Builder and Thomas the Tank Engine, among other kiddie brands.
July 28, 2004 |
On the eve of today's quarterly earnings report, Comcast Corp. said yesterday it would begin offering faster Internet service, for a premium, to all of its high-speed Internet customers. The faster service will offer downloads of up to four megabits per second, a one-third boost over the top speed of three megabits per second currently available to most customers. Regular service with the three-megabit maximum speed costs $42.95 monthly for customers who also subscribe to cable.
March 13, 2015 |
LOOKING FOR a really cheap deal for Internet access to help your schoolkids get their homework done? You can't do better than the free offer Comcast is extending for its Internet Essentials (5GB) Web service to low-income Philadelphia families with school-age children. The deal will deliver a decent broadband connection (5 Mps) to homes for six months for free. After that, the price goes up to $10 a month. The deadline for signing up is May 31. Newly pitched to parents in letters home from the school district and sure to be a burning topic at Wednesday's Family Literacy Night at 440 N. Broad St., helmed by Superintendent William Hite, the offer comes in the wake of Comcast's fourth annual review of the national Internet Essentials program designed to increase computer access and literacy.
September 29, 2014 |
You might call it David L. Cohen's Casablanca moment. Like the police captain who announced he was "shocked to find that gambling is going on" in a gaming hall, the Comcast executive suggested to journalists last week that he was shocked that companies wanting stuff from the cable and Internet giant had turned to an unseemly method to get it: using Comcast's proposed $45 billion acquisition of Time Warner Cable as leverage. And if Comcast, as Cohen put it, "declined to play ball"?
July 11, 2012 |
Comcast Corp. said Tuesday that it sold its 15.8 percent stake in A&E Television Networks L.L.C. for $3.025 billion in cash. The purchaser was A&E and enables Walt Disney Co. and Hearst Corp. to share 50-50 ownership in the TV programmer, whose hit shows include Pawn Stars, Storage Wars and American Pickers . Comcast acquired its stake in A&E through NBCUniversal, which it controls in a joint venture with General Electric. The $3 billion will remain with NBCUniversal, which can use it for business purposes.
February 22, 2012 |
With the launch this week of Xfinity Streampix, Philadelphia's Comcast Corp. is jumping into an increasingly crowded and competitive market for subscription streaming video services and adding to the pressure on Netflix Inc. Comcast said Tuesday that Streampix would be included in many Xfinity packages that include Internet, cable, and telephone services, as well as in certain video/high-speed Internet packages. Certain other customers can add the service, which offers past full seasons of 30 Rock, Grey's Anatomy , and other TV series, plus movies and children's programming, for $4.99 a month.